I own three of these. So you probably know what this review is going to say...
I'm not a grizzled woodsman who lives off the land and wanders the back country with wild animals for friends. But I know a good knife when I see one. This meets the criteria. It's rare that the different knife communities agree on any particular style or feature for a given niche - and especially not blade steels. It always comes down to what works best for you on an individual level and what you're comfortable using, so I'll just say this about the TOPS BOB:
1. 1095 and 154CM are both great steels for an outdoor, hard use knife and TOPS does them justice here. If your climate tends toward "wet" then 154CM is probably going to serve you better. But your mileage may vary. I live in Florida and I own both versions. I picked 154CM this last time and "no regerts".
2. This blade is thick and most outdoorsmen would probably call it heavy. That's fair to say. Ultralight fans beware. This knife is a TANK.
3. It's "Scandi" ground so the bevel isn't especially deep on the blade. This means more weight in the blade to aid in chopping and batoning tasks, but less fine control for feathering, notching, and slicing. Balance is still decidedly toward the rear. This grind is pretty common on bushcraft knives.
4. A+ ferro notch in the extended tang.
5. Aggressive jimping on the spine is great for bad weather and awesome if you're wearing gloves. Could be rough on the thumb in prolonged use.
6. The bow drill pivot is just meh. It's there. But TOPS thoughtfully included a ferro/magnesium rod in the sheath so I'm not sure why you'd bother unless you just want to show off.
7. Speaking of sheaths: this one is serviceable. It's your standard kydex. All the edges have been finished nicely so it's ready to carry right out of the box. Retention is very positive -- almost too much. But it looks like there's an adjustment screw... I haven't messed with it yet. It has a spring steel clip that rotates 360 degrees. I'll probably invest in a nice leather sheath from Sagewood Gear someday. I feel like this knife deserves it.
8. It comes with a whistle but it's more like a marketing gimmick than something I'd want attached to my sheath all day.
That's it. Buy one. Or don't, I'm not your dad.